Knight Gets a Key Nod; $7.5 Million for CEO

By

Jacob Bunge

Dec. 26, 2012 3:14 p.m. ET

TD Ameritrade Holdings Corp., one of the biggest investors in Knight Capital Group Inc., pledged its support for the brokerage firm's acquisition by rival Getco LLC, in the latest sign that the deal is likely to win shareholder approval.

The backing for the deal from TD Ameritrade, an online-brokerage giant, adds momentum to Getco's $1.4 billion bid for Knight, after Knight's biggest shareholder, investment bank Jefferies Group Inc.,...